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HP

HP confirm 27,000 job cuts by 2014

HP confirm 27,000 job cuts by 2014

May 24, 2012

Eight percent workforce reduction to reduce cuts by up to $3.5 billion a year, to be “reinvested” back into the company. HP has confirmed intentions to cut 27,000 jobs by the end of 2014, reports the BBC, representing a global workforce reduction of eight percent which the OEM claims will reduce costs by $3.5 billion […]

HP stocks “could tumble” 15 percent by 2013

HP stocks “could tumble” 15 percent by 2013

May 22, 2012

Seeking Alpha has postulated that the OEM could see its stocks fall in the next year due to job cuts and business strategies. Stock market analyst Seeking Alpha has predicted a 15 percent stock fall for HP by 2013, noting that the “huge restructuring” planned, along with the huge job cuts announced earlier this week, mean […]

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